The answer is yes, the repossession company has the right to repossess your car on private party, as long as the car is out in the open.
Thankfully, there are laws that do protect consumers when it comes to their vehicles and repossession.
Repossession on Private Property
Many consumers are confused when it comes to the power of the repo man.
A repo man is not legally allowed to break into or enter locked and/or secured forms of private property- like the inside if your house.
They also cannot break into a locked or secured garage.
A repo man is also not allowed to repossess a vehicle if there are people inside of the vehicle at the time of repossession.
However, a creditor or lender can repossess your vehicle if it sitting in your driveway or in a public area.
This does not require the repo man to obtain a court order.
If your car is backed into the driveway, the repo man has the right to back up their tow truck and repossess your car.
Does a Lender Notify You of a Repossession?
Depending on the state that you live in, a lender may or may not have to notify you of a looming repossession.
If a state does not require that the consumers be informed of the repossession, the repo company is free and clear to repossess your car at any time.
However, all repossession companies are required by law to send you details of the repossession explaining the sale of the repossessed vehicle after the repossession occurs.
Hiding Your Car from Repossession
Legally speaking, it is illegal to attempt to hide your vehicle from the repo man or to avoid any repossession efforts.
However, consumers are allowed to keep their vehicles inside their garages.
If a repo man comes and removes the car forcefully out of the garage, you may be able to file for a legal remedy.
All in all, facing repossession can be hard, so it’s best to be prepared for the worst possible outcome. If you are looking to buy a new car but have less than perfect credit, CrediReady can help.
Our nationwide network of trusted dealers and verified lenders work with buyers in all credit situations. Take a moment to fill out our free no-obligation loan inquiry form and start shopping for your dream car today!